The 1887 1C Indian Head Penny, produced as a regular strike at the Philadelphia Mint, is part of the beloved Indian Head cent series. Designed by James Barton Longacre, this coin is known for its widespread availability due to a relatively high mintage, making it a staple in many numismatic collections.
Product Specifications:
- Designer: James Barton Longacre
- Mint: Philadelphia
- Mintage: 45,223,523
- Metal Composition: 95% Copper, 5% Tin and Zinc
- Diameter: 19.00 millimeters
- Weight: 3.11 grams
- Edge: Plain
- Year of Issue: 1887
Design Highlights:
The obverse of the 1887 Indian Head Penny features the classic depiction of Lady Liberty wearing a Native American headdress, with "LIBERTY" inscribed on the band and the year "1887" below the profile. The reverse design includes a wreath encircling the "ONE CENT" denomination, with "UNITED STATES OF AMERICA" around the border.
Collectibility and Rarity:
The 1887 Indian Head Penny is common across all grades, making it accessible for both novice and seasoned collectors. While readily available in Brown (BN) condition, which indicates the natural patina that copper coins develop over time, the coin is much less common as a full Red (RD) Gem. Full Red Gems are scarce and sought after by collectors, as they represent the coin in its most vibrant and well-preserved state, with the original mint luster and copper coloration intact.
Collector Perspective:
The 1887 1C Indian Head Penny is ideal for those looking to experience the rich tradition of American coinage without the barrier of high rarity in most conditions. For collectors, the pursuit of this penny in full Red Gem condition offers a challenging and rewarding goal, providing a piece that not only holds numismatic value but also a bright snapshot of its era's minting quality.
